by usoftax_admin | May 7, 2025 | Tax News
Overtime income would remain subject to Colorado state income tax even if exempted at the federal level under legislation passed Wednesday by lawmakers that also limits the state’s enterprise zone tax credit and makes other tax changes. by usoftax_admin | May 7, 2025 | Tax News
The European Commission referred Greece to the Court of Justice of the European Union on Tuesday for noncompliance with the bloc’s rules regarding car taxation while also sending Sweden to the court over not bringing its income tax laws in line with EU... by usoftax_admin | May 7, 2025 | Tax News
While governmental units should welcome the U.S. Supreme Court’s recent decision in U.S. v. Miller restricting the reach of the Bankruptcy Code’s sovereign immunity waiver, Chapter 7 trustees now have a limited ability to maximize bankruptcy estates, says... by usoftax_admin | May 7, 2025 | Tax News
A couple who challenged what the Internal Revenue Service said was their more than $650,000 in tax debt provided no evidence that the number was wrong, the U.S. Tax Court said in a bench opinion released Wednesday. by usoftax_admin | May 7, 2025 | Tax News
Indiana delayed the start of its sales and use tax exemption for quantum computing projects and will establish a tax amnesty program under a budget bill signed by the state’s governor. by usoftax_admin | May 7, 2025 | Tax News
Minnesota business groups on Wednesday criticized tax hikes in an omnibus bill floated by a state Senate panel, including a tax on data collection by large social media companies that could raise $334 million. by usoftax_admin | May 7, 2025 | Tax News
A Georgia high school teacher who claimed that he didn’t have to pay taxes on his salary and that income taxes are unconstitutional must pay $25,000 in court sanctions under an Eleventh Circuit ruling affirming a U.S. Tax Court decision. by usoftax_admin | May 7, 2025 | Tax News
Business lobbying groups have urged the U.S. Treasury Department to reject the White House’s plans to scrutinize the U.S.-China tax treaty, warning that scrapping the accord would lead to higher Chinese taxes on U.S. companies. by usoftax_admin | May 7, 2025 | Tax News
New York transportation agencies have asked a federal judge to block the U.S. Department of Transportation from following through on its threat to withhold federal funding for Manhattan roadway projects if the Empire State doesn’t halt congestion pricing. by usoftax_admin | May 7, 2025 | Tax News
California federal prosecutors asked a judge Wednesday to sentence Michael Avenatti to 160 months in prison for tax fraud and stealing from clients, to be served atop the five-year term imposed in a pair of New York cases where Avenatti was convicted of trying to...